Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple    AAPL

APPLE

(AAPL)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Cloud computing may put Big Tech ahead in future of video games - Citi

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/11/2019 | 06:27pm EDT
The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California

NEW YORK (Reuters) - Cloud-based gaming could allow Big Tech - particularly Amazon.com Inc, Microsoft Corp and Alphabet Inc's Google - to pull revenue away from traditional video game publishers in the coming years, Citi analysts said in a research note on Tuesday.

More and more gamers are preferring to rent hardware instead of buy it, to play games for free, to watch others play as a spectator sport and to play across different devices - all of which is on the horizon with cloud-based gaming.

"These new trends in the video game industry could make it much easier for the big cloud players to come in and start pulling away revenue," Citi analysts wrote.

That leaves game publishers finally feeling the disruptive power of the internet, years after it hit other media industries, including newspapers, radio and television.

The potential upside for Big Tech comes as it faces scrutiny from U.S. regulators about whether the companies misuse their massive market power.

The Federal Trade Commission and U.S. Department of Justice are expected to share duties in a possible antitrust probe of Amazon, Google, Apple Inc and Facebook Inc.

Even so, their cloud services are poised to capitalize on the exploding popularity of video games. More American millennials now subscribe to a video game service than traditional paid television services, a survey showed on Monday.

Much of the uptick is seen in casual gaming among amateurs. Esports - professional matches watched in person or online by throngs of fans - are also on the rise and expected to generate $1.1 billion (£864.6 million) of revenue globally this year, data from Newzoo shows.

How people play video games is also changing.

In March, Google unveiled Stadia, its new browser-based game streaming service to launch this year through its cloud technology.

The same month, Apple introduced a new digital video game subscription service called Apple Arcade.

Pricing for such services has not yet been announced, but Citi analysts calculated that they could cost between $9 to $18 per month.

(Reporting by Hilary Russ, editing by G Crosse)

By Hilary Russ

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET -1.37% 1131.55 Delayed Quote.8.29%
AMAZON.COM -0.68% 1964.52 Delayed Quote.31.69%
APPLE -1.49% 202.59 Delayed Quote.28.43%
CITIGROUP INC. -1.21% 70.92 Delayed Quote.36.23%
FACEBOOK -1.21% 198.36 Delayed Quote.51.32%
MICROSOFT CORPORATION 0.15% 136.62 Delayed Quote.34.31%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on APPLE
07/19TAKE FIVE : Preparing for a prime minister, PMIs and policymakers
RE
07/19Russian lawmakers propose making local software mandatory on smartphones
RE
07/19APPLE : World leaders, Apple CEO offer tributes to Japanese studio after attack
AQ
07/19Netflix sinks on subscriber losses, analysts still see growth
RE
07/19BMW Picks Production Chief as Next Top Executive -- WSJ
DJ
07/19Qualcomm Incurs Another EU Fine -- WSJ
DJ
07/18Ailing BMW Appoints Production Chief Zipse as Next CEO
DJ
07/18Netflix sinks on subscriber losses, analysts still see growth
RE
07/18EU Commission fines Qualcomm for second time over market abuse
RE
07/18QUALCOMM : Hit by Second Antitrust Fine in Europe -- Update
DJ
More news
Financials (USD)
Sales 2019 257 B
EBIT 2019 62 389 M
Net income 2019 53 335 M
Finance 2019 101 B
Yield 2019 1,47%
P/E ratio 2019 17,7x
P/E ratio 2020 16,0x
EV / Sales2019 3,24x
EV / Sales2020 3,15x
Capitalization 932 B
Chart APPLE
Duration : Period :
Apple Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends APPLE
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 44
Average target price 212,51  $
Last Close Price 202,59  $
Spread / Highest target 23,4%
Spread / Average Target 4,90%
Spread / Lowest Target -26,0%
EPS Revisions
Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
Sector and Competitors
1st jan.Capitalization (M$)
APPLE28.43%932 132
SAMSUNG ELECTRONICS CO LTD--.--%264 975
XIAOMI CORP--.--%27 945
WINGTECH TECHNOLOGY CO LTD69.90%3 330
FITBIT INC-12.88%1 104
MERRY ELECTRONICS CO LTD--.--%1 069